Well, it looks like a trick to me.
I’m talking about the lovely reversal pin-bar that printed on Friday last week. I think it’s going to fail. In fact, I think it’s going to catch a whole bunch of sellers, and then go up and make some new highs.
Of course, I could be proven entirely wrong as the week unfolds. We’ll see.
Catch my Aussie analysis, along with commentary on GBPUSD, USDJPY, USDCAD and EURGBP in this week’s video-based Snapshot.